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RECOMMENDED: Cabinet resolves to
recommend to Full Council the adoption of the Property Disposal
Policy with the following amendments (in bold below):
 
Paragraph 3, section 9 to read: Potential
disposals should be discussed with the portfolio holder, ward
members, parish councils and any other community representatives,
relevant to where the land/property is located, at an early stage
unless circumstances require expedient and/or greater levels of
discretion in the best interests of the Council.
 
Paragraph 4, section 8 to read: They provide
no real social value to the Borough community at large and where it
only provides a benefit that is disproportionate to the opportunity
cost of the capital tied up in the asset and/or where the social
value is highly likely to continue after a disposal.
 
REASON FOR DECISION: There is currently
no formal policy in place.